J. Henry Bacheller
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J. Henry Bacheller | |
|---|---|
| Member of the New Jersey Senate from Essex County | |
| In office 1903–1906 | |
| Preceded by | Thomas N. McCarter |
| Succeeded by | Everett Colby |
| Member of the New Jersey General Assembly from Essex County | |
| In office 1900–1902 | |
| President of the Newark Board of Aldermen | |
| In office 1903–1903 | |
| Member of the Newark Board of Aldermen from the 9th ward | |
| In office 1887–1901 | |
| Personal details | |
| Born | February 1, 1869 |
| Died | December 12, 1939 (aged 70) Newark, New Jersey |
| Party | Republican |
Joseph Henry Bacheller (February 1, 1869 – December 12, 1939) was an American banker, philanthropist, and Republican Party politician from Newark, New Jersey. He served as a member of the Newark board of aldermen from 1887 to 1901 and served as its president in 1903. He also represented Essex County in the New Jersey General Assembly in 1901 and the New Jersey Senate from 1903 to 1906.
Joseph Henry Bacheller was born on February 1, 1869, to John Collins Bacheller and Harriet (née Parcells) Bacheller. The Bacheller family first arrived in the Americas around 1630 in Ipswich, Massachusetts and settled much of Massachusetts. John Collins Bacheller was a manufacturer and the first Bacheller, in the ninth generation, to permanently move to Newark, New Jersey.[1]
Joseph was educated in the Newark public schools.[1]
Business career
After graduating school, Bacheller joined New York Life Insurance Company as a clerk.[1]
In 1890, Bacheller was hired by Samuel S. Dennis to manage the real estate holdings of the late A. L. Dennis, who had been an early promoter of the Camden and Amboy Railroad and Transportation Company. He continued that work until around 1919, when the last of Dennis's holdings were sold.[1]
He served as president of the Ironbound Trust Company from 1909 through 1927, when it was merged into the Fidelity Union Trust. He served as vice president of Fidelity Union until 1931, when he was elected its president.[2][3] Following his election, he predicted an end to the Great Depression, telling a meeting of the Newark Advertising Club that his study of the financial panics of 1873 and 1893 led him to believe that depressions were caused by "extravagance, speculation and inflation." He urged the advertisers to "preach optimism and thus add your voice to a restoration of confidence which we have so sadly lacked and which now seems at hand."[4]